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with president obama was racist. unbelievable. bernie goldberg will weigh in. >> the egyptian people have spoken. >> as you know the factor has been on the egypt thing for a couple days now and this mumbarak guy, trust me, he ain't going nowhere. >> bill: "saturday night live" keeping alive. >> very good, mr. president. >> the presidential interview. wait until you see this. >> do i have to stay for this? >> sit down. >> caution. you are about to enter the no spin zone. the factor begins right now. ♪ >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. president obama and spending our money. that is the subject of this evening's talking points memo. the president released his budget for 2012 today. it takes a federal deficit down from 1.6 trillion-dollar to 1.1 trillion, still a huge amount of spending for the federal government, obviously. numbers break down this way. just 90 billion in spending cuts, that's all. and 453 billion in increased revenue. most generated by higher taxes on stuff. republicans say, of course, the cuts are far too small and talking points agrees. here is ho
stands for. >> we'll explain what the obama administration did this time and how robert gibbs is trying to spin it. >> why some activists want to force ronald mcdonald into an early retirement. hannity starts right now. today marks the ninth day of the seemingly unstoppable protests on the seats of egypt. chaos and violence intensified with pro and anti-government forces throwing molotov cocktails and rocks and beating each other with iron bars. all the while president mubarak was reaffirmed his refusal to give into the demands by stepping down. fox news correspondent greg palkot and his photographer were detained and severely beaten yesterday by pro government forces. they sustained griff injuries and spent the night in the hospital. thankfully, we know they are safe and sound at this moment. this incident is part of a wave of violence against journalists. today cbs news chief foreign correspondent laura logan and her crew were detained in cairo and four of their employees were carjacked and threatened with beheading. yesterday cnn's anderson cooper was repeatedly punched in the head.
said that's not good enough. president obama is saying pretty much the same thing issuing a paper statement questioning the move, saying mubarak simply created doubts in the minds of the egyptian people and had not seized the opportunity to put forward a path to democracy. we are getting word in the last 20 minutes or so, egypt's military commanders have been meeting this morning. and they are about to issue some sort of statement to the people of egypt in respops to the latest developments. >> there are many who feel the military will be key in all of this. only military leaders could force mubarak from power for once and for all. on the phone with us is judith. >> hi, how are you? >> doing well. you are in israel, and what can you tell us about the mood there since this all unfolded? >> since it began it has been extremely tense. this israel depended on this peace even though it is a cold peace. when these mass protests started the israeli government began to hold intense, secret meetings to determine what to do about this crisis. the first thing they decided to do was to say no
the 2012 presidential nomination. >> it's an all-important must-have for us is this -- making barack obama a one-term president. >> president obama has stood over the greatest job loss in modern american history and that is one inconvenient truth that will haunt this president throughout history. >> covering this remarkable week yochi dreazen, tom gjelten of the n.p.r. and dan balz of "the washington post." >> covering history as it happens. live from our nation's capitol, this is "washington week" with gwen ifill, produced in association corporate journal. and funding provided by -- >> we know why we're here, to connect our forces when they need it. to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe the people of boeing are working together to protect who serve. that's why we're here. >> a line is a powerful thing. it connects the global economy to your living room, cleaner air to stronger markets. factory floors to less crowded roads. today's progress to tomorrow's promise. nor folk southern, one line, infinit
.m. eastern, bill will have a one-on-one talk with president obama. and watch at 6 p.m. eastern, have a great day everybody, thanks for joining us. . >> paul: this week on the journal editorial report, chaos in the arab street as the uprising in egypt takes a bloody turn with mubarak's concessions falling short. where will egypt go from here and what role will the use play in the transition and obama care in critical condition. a federal judge rules it unconstitutional. and a revolt bruce in the states with some governors saying they'll stop implementing it immediately. what's next in the legal and political fight? welcome to the journal editorial report. i'm paul giggo. the uprising in egypt turned bloody as representatives of hosni mubarak clashed in cairo's liberation square. in an interview with abc news, they blames the outlaw muslim brotherhood for the violence and says he would like to stp down right away, but fears his resignation would plunge the country further into chaos. and the director of the middle east studies program at school of advanced international studies at johns hopkin
obama's comments on the situation, but we begin with correspondent mike tobin live in madison. good evening. >> reporter: capital grounds are swarming with people, putting pressure on scott walker. 14 democrats, however, are missing. those are the state senators that crossed state lines to prevent passage of the budget repair bill. components of the weakened collective bargaining the essence of union strength. >> this is what a governor gets when he threatens the power of the union. >> in a state where teachers' salaries and benefits total to more than $87,000 per year, 2.7% higher than the national average they understand the need to ante up for health care and a pension but the collective bargain they say is untouchable. >> i'm still willing to take the pay cuts but what i'm scared about we don't know where it will end. because all of our protection electing gone. >> scott walker wants the state legislature to pass a bill that would end the collective bargaining rights for public employees and in turn, increase their healthcare and pension payments. he says it will help ease the s
to president obama because health care is his signature issue. before the judge's ruling, two judges sided with the administration and one had ruled obamacare unconstitutional so it's two against two. thus as predicted the law will go to the supreme court. talking points is not surprised by the judge's decision. a year and a half ago i said this. >> government is saying that you have to buy health insurance? >> right. >> i say it's unconstitutional. the government doesn't have the power to force an american to buy that. >> the question is, if i knew that and many of you knew that why did the obama administration not know. the answer -- wishful thinking. from the beginning, the issue of force to purchase was paramont. this is not a public safety issue where laws are made to protect people. if you can't afford health insurance there are entitlements to help you out but some folks will not buy health insurance. if the feds can insure your healththey can extend the mandate and compel other purchases in pursuit of social justice. that is what this is all about. constitution limits the governmen
to be proud. this is an event being watched across the entire world. a short time ago president obama said egypt would never be the same. >> president obama has not always kept pace with a fast- moving crisis, but has thrown his moral authority behind the demonstrators. >> the people of egypt has spoken. egypt will never be the same. by stepping down president mubarak responded to the egyptian people's hunter for change. they have made it clear nothing less than genuine democracy will carry the dead. >> what a difference a few -- carried the day. >> americans and british were worried things would turn ugly. david cameron made a clear the army must hold onto power. >> those who run egypt have a duty to reflect the wishes of the egyptian people. there must be a move to democratic rule. >> people celebrated on the streets. there were far worse in his gaza. many are hoping for an egyptian government less friendly towards israel. >> [unintelligible] >> no celebration-televisa. many are concerned egypt is changing. >> it is not good for israel because it will create a state of uncertainty in the
along on "the fox report." >> what role should the u.s. play in the transition. and obama care in critical condition. a federal judge ruled it unconstitutional. and a revolt brews in the states with some governors say they will stop implementing it immediately. what's next in the legal and political fight. >> welcome to the journal editorial report, i'm paul gigot. the uprising in egypt turned bloody this week as supporters of president mubarak clashed with protesters in cairo's liberation square. in errant view mubarak blamed the outlawed muslim brotherhood for the violence and said he would like to step down right away but fears his resignation would plunge the country further into chaos. the director of the middle east studies program at the school of advanced international studies at johns hopkins university. he is also an adjunct fellow at stanford's university hoover institution and frequent contributor to the "wall street journal." we appreciate. >> thank you very much. >> paul: have you been predicting trouble in egypt for a long time. close following the country for a
must go without delay. president move -- president obama says this is not meaningful. >> welcome to bbc news. president mubarak of egypt has defied expectations by insisting he will not step down now, despite mass demonstrations against his rule. tens of thousands of protesters have gathered in tahrir square. it soon became clear that after 17 days of demonstrations, he was determined to stay on. the protestors expectation turned to gary. mr. mubarak said he would pass some power to his vice president, omar suleiman. >> the crowd in tahrir square grew steadily. by the time the president spoke, there were hundreds of thousands, waiting and hoping that mubarak was about to leave office. but it was not going to be that simple. >> i speak to you from the heart, as a father to my children. all those who spill the blood of protestors will be punished. >> he promised some powers would be transferred to the vice president, bush reiterated he would stay on until elections in september. >> from the morning, it was clear protests were spreading beyond the square. doctors and medical staff him out
. it actually makes his position worse. >> well, president obama last night did say that mubarak does need to begin to stoep down, however you interpret that. apparently president mubarak doesn't agree. so is him sending out here people to -- the pro mubarak forces on camels and horses, et cetera, to beat down the protestors, is that his answer to president obama? saying basically, i'm not listening. >> i don't think it's his answer to president obama. i think it's him saying i don't want to leave. and i think it's an act of desperation. i know president mubarak. i think he has a real sense of egypt as a wonderful great country. but nobody should be president for 30 years, and i think he thinks if he tries some of the things that might have worked in the past he can stay there. it's not going to work this time. it's just not going to work. the momentum has grown too much. and i think the more things like the people on the horseback, the molotov cocktails and all, the hard it is for him to be able to leave with any semblance of dignity and authority. the time has come. now, whether that tim
? change we can believe in. in his first foreign policy crisis, did president obama lead his team or was it better to watch than not control? or did he have a hidden hand? and finally, calling jeb bush. why republicans pining for this guy. is it a problem with mitt? i'm chris matthews. welcome to the show. with us today, new york magazine's john heilemann. gloria borger from cnn. "the washington post's" anne kornblut and "washington post" david ignatius. the revolution that overthrew hosni mubarak was a victory for democracy and in many ways for the obama administration in its first foreign policy crisis. the president talked about the historic change. >> there are very few moments in our lives where we have the privilege to witness history taking place. this is one of those moments. this is one of those times. the people of ejent have spoken. -- eegypt have spoken. their voices have been heard and egypt will never be the same. chris: david, this is very tricky for the president, wasn't it? this whole episode. >> the president faced a delicate problem. starting two weeks ago which
as president obama pulled his support of mubarak and urged him not to run again. president obama responded to the news earlier tonight. >> the president: after his speech tonight, i spoke directly to president mubarak. he recognizes the status quo is not sustainable and a change must take place. the fear of civil unrest continues to spread. has clearly shaken up the king of jordan. today he gave into public pressure and cleaned house by firing his government and appointing a new prime minister, effective immediately. his priorities will be to provide economic reform and increase popular participation in the decision-making process. do any of these changes go far enough? here with us is arizona senator mccain. a member of the committee on homeland security and governmental affairs. thanks for being with us. >> thank you, interesting times. >> sean: interesting and extraordinarily dangerous. i listened closely to the president's remarks tonight. as he was praising the demonstrators, and showing his support for the demonstrators, he didn't -- and talking about full participation even though o
hour. there's growing concern the obama administration is sending mixed signals to egypt with the defense secretary robert gates now speaking out about the crisis for the first time, and he's praising, praisie ining in strong terms and words, the egyptian military. let's go to our pentagon correspondent barbara starr. she has details. what's the latest. >> reporter: well, you know, wolf, the white house calling for a media change and the state department calling for a processive change. one thing seems very clear. the protesters are not going away. with crowds swelling in cairo's tahrir square, a greater sense of urgency from the u.s. that the egyptian government needs to show change is coming. in a phone call u.s. vice president joe biden telling egyptian vice president omar suleiman there must be a transition with, quote, immediate, irreversible progress. >> vice president suleiman made particularly unhelpful comments about egypt not being ready for democracy, about not seeing a lift of the emergency law, and i don't -- i don't think that in any way squares with what th
demonstration to date. here in washington, the obama administration is playing down concerns that if president mubarak is forced out, radical islamists could cease power. yet, there's a sense of frustration and uncertainty at the white house. the administration has made clear to president mubarak he needs an exit strategy but sees no evidence as yet he is ready for a true dialogue with his critics. as one official put it to me, "it is not clear he is listening, and he may try to overstay his already overstayed time." and we have more from cairo. >> reporter: hi, john. on that point you were just making there about the concern that exists that if the moib regime should fall there would be some islamic government that would take over, a lot of strong opinions on that front from the streets of cairo. people saying that, no, that is not the case because this is not an islamic revolt. this is a revolt of the people and what they do want is democracy. and anyone who comes into power should president mubarak should fall should be held as accountable as he is being held by the population right now. th
time. >> bret: president obama says the whole world is watching what happens in egypt. we'll have live reports from cairo and the white house. islam's supreme leader forecast islamic revolution in egypt. we look at what it might mean. new unemployment figures report a lowest jobless rate, but few new jobs. live from the studio in washington, this is "special report." good evening. i'm bret baier. president obama today warned egypt that violence including attacks on protesters and journalists is unacceptable. and said he was encouraged by the restraint shown today. it was, in fact, a day largely free of conflict on the streets as parties elsewhere laid out various scenarios for a transition of power. correspondent leland vittert begins coverage live from cairo where it's 1 serz a.m good morning, leland -- 1:00 a.m good morning, leland. >> reporter: good morning from cairo. day 11 of the protest. protesters said with the deadline for president mubarak to step down from office. that hasn't happened. state tv shows pictures behind me of the protesters still in the square. nobody knows wher
want our say and we're willing to fight for it. president obama says that hosni mubarak recognized to pack up and move on, load it up with gold and make it to his luxury condo. let democracy take over. so be it. it's not what the people want but the problem is who the people want. one guy the protestors have put forward is a fella named mohamed elbaradei, he has been playing peace keeper. he says the promise not to run begins the president, quote, a trick. i say, elbarradei, be careful and beware of this guy. it seems like the radical muslim brotherhood is behind the mohamed elbaradei selection. they are no fans of america, free mark or the democracy we love and share. last night john mccain that mohamed elbaradei is no friend of the u.s. and could be a finger figure head of the radical muslim brotherhood. be careful what you ask for and it could be trouble for us and a democracy you say you are fighting for. is there. >> let me bring in a practicing physician and president of the american forum for democracy. robert spencer of jihad watch and former c.i.a. analyst and author of a
are confused about this, we are going to run danger of president obama following president carter, where carter lost iran. i could imagine obama losing egypt. >> sean: i think the ship has sailed. there seems to be no organized leader in terms of those that want true freedom, liberty and . the muslim brotherhood is organized and better financed and probably better armed. it seems likelihood, depending on what the military does that is going to be likely. you are at cpac today. you offer suggestions of how barack obama would be deserving to speak at cpac. all domestic. foreign policy is front and center in the country. how big an issue do you think foreign policy becomes in the 2012 election as you travel? >> well, i don't know yet. i think that if you go back and look at the period before the shah collapsed, carter looked fine. the period after there was a hostage crisis, after the to have questions invaded afghanistan, after communists were active, carter looked weak in foreign policy. it became a huge issue by 1980. right now, i think obamacare is a polarizing thing people want to appeal. the
of them. >>> president obama meanwhile is meeting with his top national security advisers. we're going to have much more on what the white house is doing. what's been the white house role in all these dramatic developments in egypt? the obama administration putting pressure on the egyptian president to step down. stay with us for that. also, egypt's control of a vital oil shipping lane. if the crisis continues, we could all feel the impact. you know, when i grow up, i'm going to own my own restaurant. i want to be a volunteer firefighter. when i grow up, i want to write a novel. i want to go on a road trip. when i grow up, i'm going to go there. i'm going to work with kids. i want to fix up old houses. [ female announcer ] at aarp we believe you're never done growing. i want to fall in love again. [ female announcer ] together we can discover the best of what's next at aarp.org. >>> jack cafferty certainly following the break news, all the developments here in the united states as well as in egypt. jack is here with "the cafferty file." jack? >> some estimates put the estimates of egyp
president obama's healthcare reform, but today they interrupted his speech with applause. but not as much as o'reilly interrupted him yesterday. >> thank you. i'm here in the interest of being more neighborly. >> president obama's monday begins with a standing ovation from a major opponent, the u.s. chamber of commerce. >> he's walking into the lion's den. >> president obama tries mending fences with big business. >> this is clearly the bill daley white house strategy. >> i just want to encourage you to get in the game. >> first, a new business minded white house chief of staff, then cozying up to the chamber. >> i think it's a really bad idea. >> where does that leave progressives? howard dean will explain. >> liberal democrats like myself thinking with the president and the chamber of commerce about how we create jobs in this country. >> you have the u.s. chamber of commerce putting millions of dollars to run against democrats, to run against the healthcare legislation. >> applause from the chamber the day after the president suffers nonstop bill o'reilly interruptions. >> you see how o
of the revolution in egypt. tonight what you need to know about how the right plans to run against president obama. if this is the starting lineup i can only imagine what characters they have sitting on the bench. today the unrest erupted in yemen and bahrain and iran. there's no footage, of course, because they won't allow it but our producer reports thousands have gathered and fought with security forces in tehran. could we be witnessing the start of a new iranian revolution and you might even end up having a republic over there. obama presents his budget. is what he showed us and the republicans today a lure, a first attempt to bring both sides together and cut the debt? and glenn beck may be losing it. what else can you say when he say the communists are behind the egyptian revolution. and the islamists are trying to infiltrate the american right-wing. let's begin with the right-wing jamboree called cpac. the washington bureau chief for mother jones and msnbc political analyst and josh marshall is founder of talking points memo. here's a taste of what we heard at cpac didn't interesting things
, expected mubarak to step down tonight. that was obviously incorrect intelligence. >> for barack obama, tomorrow he will face a different kind of crisis, much more volatile. >> that is really vintage mubarak. >> i mean, he's been our puppet dictator. we built his army. >> so his interests have been our interests. >> what worries me a great deal, the army might intervene. >> going to be a tense night out here. >> good evening. in cairo, thousands of angry protesters have entered day 18 of an uprising, calling for president hosni mubarak to leave. when day breaks there, many fear it will be the most dangerous day of the crisis. all day today, the world anticipated mubarak would announce that he would step down. instead, he stepped up to a podium in his palace and said this -- >> while i'm fully aware of the crossroad we are at and based on my firm conviction that egypt is going through a defining moment in its history, i have seen that it is required to delegate the powers of -- and authority of the president to the vice president as per the constitution. >> handing over authority to vic
, please stand by. we're going live to president obama who is making a statement. >> it's a beginning. i'm sure there will be difficult days ahead and many questions remain unanswered. but i am confident that the people of egypt can find the answers and do so peacefully, constructively, and in the spirit of unity thatas defined these last few weeks. for gyptians have made it clear that nothing less than genuine democracy will carry the day. the military has served patriotically and responsibly as a caretaker to the state and will have to ensure a transition that is credible in the eyes of the egyptian people, which means protecting the rights of the egyptian citizens, lifting the emergency law, reviving the constitution and other laws to make this change irreversible and laying out a clear path to elections that are fair and free. above all, this transition must bring all of egypt's voices to the table. for the spirit of peaceful protests and perseverance that the egyptian people have shown can serve as a powerful wind at the back of this change. the united states will continue to be a f
claims that the obama administration is taking its orders from fundamentalist muslims who have been infiltrated into the conservative organization as well. what's next? tell us to shoot somebody else in the head? wow. plus here's what donald rumsfeld remembers in his new book that president bush came to him two weeks after 9/11 and talked about war with iraq. here's what he forgets that whiling the pentagon was still smoldering that day it was rumsfeld himself who was targeted saddam hussein despite the fact that iraq didn't attack us. tonight we play rummy. while republicans wanted to run, president obama seems to be launching his re-election campaign, today he hit two points republicans love to question, his christianity and winning the future. guess who suddenly is looking stronger for 2012. let me finish with glenn beck's cracker barrel crack up. let me start with the situation in egypt. joining me on the phone in cairo is nbc news chief foreign correspondent richard engel. richard, what do we make of this call for trials of president mubarak and people like vice president omar
the obama administration predicted. i think it's a time for straight talk diplomatically and i'm sure it is is happening between the obama administration is the mubarak government. >> i was talking to a senior administration official who said that mubarak may have sent these people out to show to the people of egypt and the world that he is needed during this next eight months for this transition, that he is not going to leave right away as the u.s. has been privately telling him that he has to do, that he is needed to preserve law and order. and that is not the military doing this, these are these people, mubarak supporters who have been seen in previous elections. they are known commonly as thugs. is that a credible scenario? >> you know, it's hard to believe that the attacks by these pro mubarak forces against these peaceful demonstrators were not ashifted by the government. it seems to me reasonable to assume that there was some government comris complicit in these attacks. for large days they were peaceful in tahrir square and they were kids. there were older people. there were s
't think barack obama is waiting on me to tell him what he should do. >> he probably has better advice than he might get from the cia. >> from the intelligence committee they are underscoring we didn't read the country right and it is hard to read countries and hard to read the mysteries of countries and even the egyptians could never tell a young man would set himself ablaze en -- in tunisia and the dispute would reach egypt and we have done well reading egypt. it is a fact of life but it is difficult to read distant lands. >> what should the policy be, working behind the scenes to promote a transition, speaking more publicly than we have. >> we have done one thing well and that is central to the equation, we have made sure the army does not go for a massive crack down. >> urging that? absolutely and the big difference between iran and -- in the summer of '09 and egypt right now is the fact that iran was not in our sphere of influence and egypt is. and, the kid glove treatment, if you will, restraint of the army and restraint of the police and restraint of hosni mubarak has to do with the
in the hour. yesterday, after days of sending conflicting messages to the world president obama hooked to collar fight u.s.' position we it -- to clarify the u.s.' position we it comes to egypt. >> the president: we said you have to start a transition now. mubarak has decided he's not running again. his term is up this year. we said let's make sure that you get all the group together. let the egyptian people make a determination. what is the process or an orderly transition >> sean: all of those so-called groups could include radicals from the muslim brotherhood. watch this. >> bill: does it disturb you that so many people hate you? i'm serious, serious question. >> the president: the truth is, the people -- and i'm sure previous presidents would say the same thing, bush, clinton, reagan for anybody. the people who dislike you don't know you. >> bill: but they hate you. >> the president: the folks who hate you, don't know you. what they hate is whatever fun house mirror of you that is out there. they don't know you. >> sean: here with reaction to that and who are dick morris. new book
are going to run danger of president obama following president carter, where carter lost iran. i could imagine obama losing egypt. >> sean: i think the ship has sailed. there seems to be no organized leader in terms of those that want true freedom, liberty and . the muslim brotherhood is organized and better financed and probably better armed. it seems likelihood, depending on what the military does that is going to be likely. you are at cpac today. you offer suggestions of how barack obama would be deserving to speak at cpac. all domestic. foreign policy is front and center in the country. how big an issue do you think foreign policy becomes in the 2012 election as you travel? >> well, i don't know yet. i think that if you go back and look at the period before the shah collapsed, carter looked fine. the period after there was a hostage crisis, after the to have questions invaded afghanistan, after communists were active, carter looked weak in foreign policy. it became a huge issue by 1980. right now, i think obamacare is a polarizing thing people want to appeal. the amount of massive
the obama administration tand democrat congress pursued an agenda of every frustrated liberal at the expense of the public good and contrary to the will of the people. when america needed a growth strategy to revive our session-racked economy, the obama administration and the pelosi-reid congress gave us a $1 trillion stimulus bill that only stimulated more government. as unemployment soared to 10%, america needed and called for policies that would spur job creation. instead of focusing on jobs, the obama administration and its democrat congress spent a year concocketting a government-run health care system, one that stifles job creation as well as drives up the cost of health care. at a time when we desperately needed incentives to create new jobs, president obama and his congressional allies tried to impose the biggest tax increase in american history on small business owners by letting the bush tax cuts expire. two years of their calling for these massive tax increases caused more uncertainty among employers, making them reluctant to hire anybody or spend more money. along the way, the pr
're looking live at the white house where in a few minutes, president obama is expected to make a statement about the situation in egypt. the streets of egypt is filled with a mixture of celebration and frustration at this hour this video is believed to be the first violence of the day in alexandria. you can see the protesters here throwing rocks and tanks moving about. after the announcement by president hosni mubarak that he will leave office, but not until later this year. trillion i did notrillion i >> i did not intend to run for a third term because i spent my life serving egypt, but now, i am completely keen on concluding my work for the nation in a fashion that guarantees passing responsibility and flag in safe egypt to preserve the constitution and legitimacy. >> glenn: the promise culminates a week of massive protest around the country. with ebegin our coverage with cargreg palkot live in the egyptian capital it's good morning there, greg. >> reporter: hey, bret. if mubarak was hoping for endorsement from the street, he didn't get it. watching the statement on a jumbo tv screen, th
of suleiman. >>> back at home, president obama calling on business executives to, quote, get in the game and start investing the nearly $2 trillion sitting on their balance sheet. speaking to the chamber of commerce yesterday, obama admits he's had a sometimes contentious relationship with this lobbying group. >> it's good to be here today at the chamber of commerce. i'm here in the interest of being more neighborly. i strolled over from across the street. look, maybe if we -- if we had brought over a fruitcake when i first moved in, we would have gotten off to a better start. >> president defended the need for government regulation but promised to get rid of those that are a burden for businesses. >> over the last two years i've sought advice from many of you as you were grappling with the worst recession most of us have ever known. it's a recession that led to some very difficult decisions. for many of you, that meant restructuring. and branch closings and layoffs. that i know were very painful to make. for my administration it meant a series of emergency measures that i would not have
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